35/2019 - Resolutions adopted by the Extraordinary General Meeting of the Company on August 9, 2019

With reference to the current report of the company Trakcja PRKiI S.A. (‘Company’) No. 31/2019 of July 12, 2019. The Management Board of the Company informs that on August 9, 2019, the Extraordinary General Meeting of the Company adopted a resolution to refrain from considering items on the agenda and removing them from the agenda. (‘Resolution’). In connection with the resolution, the Extraordinary General Meeting of the Company decided not to consider matters included in items 3), 4) and 5) of the agenda, i.e. 

• Adoption of a resolution regarding the increase of the Company's share capital by issuing series B ordinary bearer shares and ordinary C series shares by private subscription excluding the pre-emptive rights of existing shareholders, dematerialisation and applying for admission and introduction to trading on the regulated market through the Warsaw Stock Exchange SA rights to series B shares, series B shares, series C shares and amendments of the Statute; and

• Adoption of a resolution regarding the change of the Company Statute
  and remove them from the agenda of the Extraordinary General Meeting.

The resolution was adopted by the Extraordinary General Meeting of the Company at the request of the Management Board of the Company, filed pursuant to §12 para. 2 of the Regulations of the General Meeting. The Management Board of the Company motivated its request with the necessity of further work in the scope of setting detailed parameters of the considered share capital increase and ongoing talks with financial institutions in connection with the Company's refinancing process, therefore adopting resolutions regarding the increase of the share capital and changes in the Company Statute during the current Extraordinary General Meeting remains pointless. No objections were raised to the minutes during the meeting. 

At the same time, the Management Board informs that after it intends to convene the next Extraordinary General Meeting of the Company, which will be held on September 13, 2019, with the agenda including adoption of the resolutions indicated in items 3), 4) and 5) the agenda of the current Extraordinary General Meeting of the Company.

The content of the resolution adopted has been attached to this report. 

Legal basis:

§ 19 para. 1 point 6 and 7 of the Regulation of the Minister of Finance of March 29, 2018 regarding current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state